Timeshare Trends Blog

The British government has passed new regulations for timeshares and club memberships. The law should provide better protection for consumers in the United Kingdom that is similar to initiatives sweeping across all of Europe in the timeshare industry. The new rules will be implemented in February 2011 and will enforce fair-trading of timeshares in the industry. According to Consumer Minister Edward Davey, “These products are often sold across borders, so it’s only right that we have protections in place for consumers that also cross borders. Knowing these regulations are in place will boost consumer confidence and boost business for legitimate traders. The guidelines should offer benefits for businesses, such as a simplified version of UK’s current legislation and replaces the old Timeshare Act and the regulations affiliated with it. The new regulations are more standardized and provide the necessary information in a more streamlined manner. The new law will also place “holiday clubs” under the same scrutiny as timeshares, and may put an end to underground business activities. The law should give consumers more confidence in the industry and they will be given vital information before they make any deals and will have new rights in dealing with club sales and timeshare resale services.

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Wyndham Exchange and Rentals, a business unit of the Wyndham Worldwide family of companies has acquired James Villa Holidays from the private equity fund Vespa Capital, in a deal reportedly worth $77 million. With a portfolio of approximately 2,300 villas, James Villa Holidays is a popular vacation provider in the Mediterranean holiday market offering superior accommodation across more than 50 destinations at affordable prices. With the new acquisition, the scale and scope of Wyndham’s Vacation Rentals further expand to France, Portugal, Spain, Greece, Italy, Malta and Cyprus. The inclusion of James Villa Holidays is also expected to create a strong presence in Mediterranean countries by providing an array of travel alternatives and price ranges through its premier portfolio of acclaimed brands. James Villa Holidays includes more than 50 destinations and approximately 2,300 villas and unique properties across the Mediterranean and Balearic vacation hot spots.

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With the purchase of The Edinburgh Residence, Hapimag, a Swiss timeshare resort owner, has acquired another resort in a region in Great Britain for its members, in addition to current properties in London and the Lake District. The new city residence is located near the center of the Scottish capital and is only a few minutes walk from the main shopping street, Princes Street. In Edinburgh, Hapimag is taking over a property with 29 suites, which are all classically furnished and decorated. In 1996 the residence was converted for use as a holiday residence and since then has been managed in a timeshare system. With the purchase, Hapimag is assuming the operating activities of the city residence and existing contracts with approximately 900 individual timeshare members.

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The Ritz-Carlton Destination Club and the Abercrombie & Kent Residence Club have unveiled its first of its kind partnership. The two luxury destination clubs have forged a new exchange opportunity for the benefit of their members. This strategic alliance presents members of both clubs an expanding universe of extraordinary destinations that only they can provide. The collaboration allows Ritz-Carlton Destination Club members access to 17 Abercrombie & Kent Residence Club residences in North America. They include Scottsdale, Lake Tahoe, Aspen, South Carolina, Punta Cana, Sun Valley, Jackson Hole, Hawaii’s Big Island, the Turks & Caicos, and Mexico’s Los Cabos, Punta Mita and Puerto Aventuras. In return, Abercrombie & Kent Residence Club Members are able to convert their nights for use at 10 Ritz-Carlton Destination Club locations in Colorado’s Aspen Highlands, Bachelor Gulch and Vail, St. Thomas, Jupiter in Florida, San Francisco and North Lake Tahoe, Hawaii, and Abaco in the Bahamas.

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Interval International has launched Interval Community; an on-line social network designed to provide its 1.8 million members of the Interval Network a platform to share their love of vacation ownership, travel, and social networking. It is live on IntervalWorld.com.

Peninsula Bay Resort is a new resort on Bali. It is also one of the newest Interval International properties and is situated on the Indonesian island of Bali. It is the latest vacation ownership property developed by British entrepreneurs, Roger and Alan Thomas, and is located on the waterfront of Nusa Dua overlooking the golden sand beaches of Benoa Bay. Upon completion, the purpose-built project will feature 65 one and two-bedroom units, all with sea-facing views. The resort is being built using contemporary Balinese architecture and is set within lush tropical gardens to create an eco- friendly atmosphere. The new property is just a five-minute drive from Peninsula Beach Resort, with shuttle service between the two, so that owners are free to enjoy the amenities at both properties. Other planned amenities include an on-site spa, swimming pool, gym, two restaurants, and three bars.

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 The Pestana Promenade is set to establish a new benchmark for vacation ownership resorts in Europe. Located on Madeira, an island off Portugal’s coast, the resort, which is one of the many Pestana Hotels and Resorts, was inaugurated in early 2009 with a mix of 245 hotel units and deluxe apartments and has now beaten all demand records set by previous Pestana resorts. The most striking feature of Pestana’s latest hotel is its prime oceanfront location set in the heart of Funchal’s tourist area offering easy access to the coastal promenade. All units enjoy full panoramic sea views, there’s a themed restaurant, lounge bar, pool bar, health club and relax area.

A dominant feature of the resort is the expansive swimming pool with special water features set in landscaped gardens. The lagoon pool also allows for sunbathing on sunbeds in shallow sections. There’s a state of the art spa facility that includes indoor pool with jet streams, treatment rooms, relax areas, gym, sauna, Jacuzzi and Turkish bath.

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Europeans own and enjoy timeshares. According to the recent Executive Summary article, ” The European Timeshare Industry″ sponsored by The Christel DeHaan Tourism and Travel Research Institute at the University of Nottingham in England, 1.5 million European households own timeshare, with the United Kingdom and Ireland having the largest base of timeshare owners. Most timeshare resorts are in Spain, with 26.3 percent of all resorts, 14.94 percent in Italy, and 11.05 percent in the United Kingdom and Ireland. The total number of European timeshares now equals 1,312. European timeshare owners and visitors generate billions in money spent during their vacations with 69,836 jobs directly sustained by the European timeshare industry. 86.6 percent of the European timeshare owners reported satisfaction with their timeshare holiday, while 55.6 percent say they were very satisfied.

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FRAUD ALERT

WE HAVE BEEN ALERTED TO A NEW FRAUD BEING PERPETRATED ON OUR CUSTOMERS.

COMPANIES ARE CALLING OUR CUSTOMERS AND ADVISING THEM THAT THEY WORK WITH TIMESHARES BY OWNER® AND THAT THEY HAVE A BUYER. THEY FURTHER STATE YOUR LISTING PRICE, THAT THEY ARE A FINANCE COMPANY, AND THAT THE BUYER HAS ALREADY DEPOSITED 20% OF THE PURCHASE PRICE. THEY REQUIRE THE PAYMENT OF A FEE FOR CLOSING AND FINANCE CHARGES.

THIS IS A FRAUD THAT IS BEING CONDUCTED WITHOUT OUR AUTHORIZATION. WE DO NOT WORK WITH ANY OTHER COMPANY TO SELL YOUR TIMESHARE. IF THE COMMUNICATIONS DOES NOT COME FROM US, IT IS FRAUDULENT.

IF YOU RECEIVE THIS CALL, PLEASE CALL BECKY GOMEZ OF TIMESHARES BY OWNER® IMMEDIATELY TO REPORT IT AT 888-707-8463.

THANK YOU FROM THE STAFF OF TIMESHARES BY OWNER

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The Sol Melia Vacation Club at Gran Melia Palacio de Isora has won RCI’s Developer Innovation Award. The Developer Innovation Award recognizes a resort with new vacation ownership projects that are eco-friendly, have unique features, are family friendly, provide a high level of service, starting with the point of arrival.

The Gran Melia Palacio de Isora is a new property located in Tenerife of the Canary Islands that features 200 one and two-bedroom oceanfront suites with lavish amenities such as plasma televisions, fully equipped kitchens, and upscale wood and granite accents. The resort also includes five restaurants, six bars, room service, wine cellar, golf simulator, two tennis courts, a world class Yhi Spa, four adult swimming pools, two children’s pools, including one of the largest swimming pools in Europe.

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Halcyon Hills Spa Resort and Marina on the Greek island of Samos is near completion and is Europe’s newest member of the Registry Collection, the world’s largest luxury exchange program.

The Halycon Hills Resort will boast an array of luxury facilities including a large spa, a 35-berth private marina, two beaches, tennis courts and more. The fundamental character of the resort combines luxury with the traditional Greek charm of Samos.

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